| Return Reference | Explanation |
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| FORM 990 - ORGANIZATION'S MISSION | TO ORGANIZE THE ANNUAL CONFERENCE FOR ALL CHAPTER MEMBERS ACROSS THE US. THE MAIN MISSION OF THIS ASSOCIATION IS TO HELP ACCOUNTANTS IMPROVE THEIR PROFESSIONALISM AND INCRESE DIVERSITY THROUGH EDUCATION, INFORMATION, AND EXCHANGES WITH MEMBERS AND RELATED PROFESSIONALS REQUIRED |
| FORM 990, PAGE 6, PART VI, LINE 6 | THIS NONPROFIT ORGANIZATION IS A MEMBERSHIP-BASED PROFESSIONAL ORGANIZATION AND IS RECOGNIZED AS A TAX EXEMPT ORGANIZATION UNDER 501(C)6 OF THE INTERNAL REVENUE SERVICE CODE. THE SOCIETY'S PRIMARY PURPOSE IS TO ADVANCE THE ACCOUNTING PROFESSION BY PROVIDING EDUCATION, NETWORKING OPPORTUNITIES, AND ADVOCACY FOR ITS MEMBERS. THE ORGANIZATION IS GOVERNED BY A BOARD OF DIRECTORS, WHICH ELECTED BY THE MEMBERS OF THE SOCIETY IN ACCORDANCE WITH ITS BYLAWS. THE BOARD IS RESPONSIBLE FOR THE OVERALL MANAGEMENT AND STRATEGIC DIRECTION OF THE ORGANIZATION. MEMBERS PARTICIPATE IN MEETINGS, SERVE ON COMMITTEES, AND CONTRIBUTE TO THE DEVELOPMENT OF PROGRAMS AND INITIATIVES THE FURTHER THE SOCIETY'S MISSION. |
| FORM 990, PAGE 6, PART VI, LINE 7A | THE NONPROFIT CPA SOCIETY IA A MEMBER-BASED ORGANIZATION. PER THE SOCIETY'S BYLAWS, MEMBERS HAVE THE RIGHT TO PARTICIPATE IN THE ELECTION OF THE BOARD OF DIRECTORS, WHICH GOVERNS THE ORGANIZATION. ELECTIONS ARE TYPICALLY HELD AT THE SOCIETY'S ANNUAL MEETING OR THROUGH OTHER FORMAL VOTING PROCESSES OUTLINED IN THE BYLAWS. ALL ACTIVE MEMBERS IN GOOD STANDING ARE ENTITLED TO VOTE IN ELECTIONS, THE NUMBER OF BOARD MEMBERS AND THE PROCESS FOR NOMINATING AND ELECTING ADDITIONAL BOARD MEMBERS ARE SPECIFIED IN THE SOCIETY'S GOVERNING DOCUMENTS. NOMINATIONS MAY BE MADE BY A DESIGNATED NOMINATING COMMITTEE OR THROUGH MEMBER SUBMISSIONS, DEPENDING ON THE PROCEDURES OUTLINED IN THE BYLAWS. THE RIGHTS AND DUTIES OF MEMBERS, ARE GOVERNED BY THE SOCIETY'S ARTICLE OF INCORPORATION AND BYLAWS. |
| FORM 990, PAGE 6, PART VI, LINE 7B | THE NONPROFIT CPA SOCIETY OPERATES UNDER A GOVERNANCE STRUCTURE OUTLINED IN ITS BYLAWS, WHICH PROVIDE MEMBERS CERTAIN RIGHTS RELATED TO THE APPROVAL OF GOVERNING BODY DECISIONS. THE BOARD OF DIRECTORS, ELECTED BY THE MEMBERSHIP, HOLDS PRIMARY RESPONSIBILITY FOR MAKING DECISIONS RELATED TO THE STRATEGIC DECISION, FINANCIAL OVERSIGHT, AND OVERALL MANAGEMENT OF THE ORGANIZATION. MEMBERS OF THE SOCIETY RETAIN RIGHTS TO APPROVE KEY DECISIONS MADE BY THE GOVERNING BODY, AS STIPULATED IN THE BYLAWS. THESE RIGHTS TYPICALLY INCLUDE: 1. ELECTION OF DIRECTORS: MEMBERS ELECT THE BOARD OF DIRECTORS, WHO ARE RESPONSIBLE FOR MAKING POLICY DECISIONS AND MANAGING THE ORGANIZATION. 2. AMENDMENTS TO BYLAWS: MEMBERS MUST APPROVE ANY PROPOSED AMENDMENTS TO THE ORGANIZATION'S BYLAWS. 3. MAJOR DECISIONS: ALL MAJOR DECISIONS ARE MADE BY A MAJORITY VOTE AT THE GENERAL ASSEMBLY OF ALL MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE GOVERNING BODY OF THE NONPROFIT CPA SOCIETY CONDUCTS A THOROUGH REVIEW OF FORM 990 BEFORE ITS SUBMISSION TO THE IRS. THE PROCESS FOR REVIEW IS AS FOLLOWS: 1. PREPARATION AND INITIAL REVIEW: FORM 990 IS PREPARED BY THE ORGANIZATION'S ACCOUNTING STAFF. ONCE THE DRAFT IS COMPLETED, IT IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE TREASURER TO ENSURE ACCURACY AND COMPLETENESS. 2. PRESENTATION TO THE GOVERNING BODY: AFTER THE INITAL REVIEW, THE DRAFT OF FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO FILING. 3. DISCUSSION AND APPROVAL: DURING A SCHEDULED BOARD MEETING, THE FORM 990 IS DISCUSSED IN DETAIL. THE BOARD PROVIDES FINAL COMMENTS AND UPON RESOLUTION OF ANY ISSUES THE FORM IS APPROVED FOR FILING. 4. FILING AND DOCUMENTATION:FORM 990 SUBMITTED AND DOCUMENTED |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE NONPROFIT CPA SOCIETY HAS A WRITTEN CONFLICT OF INTEREST POLICY IN PLACE TO ENSURE THAT ALL DIRECTORS, OFFICERS, AND KEY EMPLOYEES ACT IN THE BEST INTEREST OF THE ORGANIZATION. 1. ANNUAL DISCLOSURE: ALL BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM. THE DISCLOSURES ARE REVIEWED BY THE EXECUTIVE COMMITTEE OR DESIGNATED STAFF. 2. ONGOING REPORTING: THROUGHOUT THE YEAR, BOARD MEMBERS AND KEY PERSONNEL ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS THAT ARISE DURING THE COURSE OF THEIR DUTIES. 3. REVIEW AND RECUSAL: IN THE EVENT OF A POTENTIAL CONFLICT, INDIVIDUAL INVOLVED IS REQUIRED TO RECUSE THEMSELVES FROM ANY DISCUSSION OR VOTE RELATED TO THE MATTER. 4. ENFORCEMENT:VIOLATIONS MAY RESULT IN DISCIPLINARY ACTION. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE NONPROFIT CPA SOCIETY DOES NOT COMPENSATE ITS TOP MANAGEMENT OFFICIAL, DIRECTORS, OFFICERS, OR ANY OTHER INDIVIDUALS FOR SERVICES PROVIDED TO THE ORGANIZATION. AS A VOLUNTEER-BASED ORGANIZATION, ALL BOARD MEMBERS AND OFFICERS SERVE WITHOUT PAY, CONTRIBUTING THEIR TIME AND EXPERTISE TO SUPPORT THE SOCIETY'S MISSION. HOWEVER, REASONABLE REIMBURSEMENT FOR EXPENSES INCURRED WHILE CONDUCTING SOCIETY BUSINESS MAY BE PROVIDED, IN ACCORDANCE WITH THE ORGANIZATION'S REIMBURSEMENT POLICY. THESE REIMBURSEMENTS ARE SUBJECT TO REVIEW AND APPROVAL BY THE TREASURER AND BOARD OF DIRECTORS. SINCE NO COMPENSATION IS PROVIDED, THE ORGANIZATION DOES NOT ENGAGE IN COMPENSATION BENCHMARKING, SALARY REVIEW, OR USE OF EXTERNAL CONSULTANTS TO DETERMINE EXECUTIVE PAY. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE NONPROFIT CPA SOCIETY DOES NOT COMPENSATE ANY OFFICERS, KEY EMPLOYEES, OR OTHER INDIVIDUALS FOR THEIR SERVICES. ALL LEADERSHIP POSITIONS WITHIN THE ORGANIZATION ARE HELD BY VOLUNTEERS WHO CONTRIBUTE THEIR TIME AND EXPERTISE WITHOUT FINANCIAL REMUNERATION. WHILE THERE IS NO FORMAL PROCESS FOR DETERMINING COMPENSATION, THE SOCIETY MAY REIMBURSE VOLUNTEERS FOR REASONABLE OUT-OF-POCKET EXPENSES INCURRED WHILE PERFORMING DUTIES ON BEHALF OF THE ORGANIZATION. SUCH REIMBURSEMENTS ARE SUBJECT TO PRIOR APPROVAL BY THE TREASURER AND ARE DOCUMENTED IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE NONPROFIT CPA SOCIETY IS COMMITTED TO TRANSPARENCY AND ACCOUNTABILITY. AS PART OF THIS COMMITMENT, THE SOCIETY MAKES ITS GOVERNING DOCUMENTS READILY AVAILABLE. INDIVIDUALS MAY REQUEST COPIES OF THE GOVERNING DOCUMENTS BY SUBMITTING A WRITTEN REQUEST TO THE SOCEITY'S HEADQUARTERS. |
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